High-Tech Membrane Roofing Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03932378 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

HIGH-TECH MEMBRANE ROOFING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S J Thornton

E C Parker F.C.C.A.

REGISTERED OFFICE:

Linden House

30 Linden Road

Benfleet

Essex

SS7 4BA

REGISTERED NUMBER:

03932378 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Tangible assets

2

163,913

163,755

CURRENT ASSETS

Stocks

29,008

37,118

Debtors

41,659

79,205

Cash at bank and in hand

219,421

92,883

290,088

209,206

CREDITORS

Amounts falling due within one year

363,727

297,397

NET CURRENT LIABILITIES

(73,639

)

(88,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,274

75,564

CREDITORS

Amounts falling due after more than one year

39,336

47,340

NET ASSETS

50,938

28,224

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

50,838

28,124

SHAREHOLDERS' FUNDS

50,938

28,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 February 2015 and were signed on its behalf by:

S J Thornton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is measured at the fair value of the consideration received or receivable in accordance with the

guidance of application note G of FRS 5 and represents amounts receivable for goods and services provided in

the normal course of business net of value added tax.

Sales of goods are recognised when goods are delivered and title passed. Turnover from construction contracts

are recognised in accordance with the company's policy on long term contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks and long term contracts

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Where the outcome of a contract can be estimated reliably and it is probable that the contract will be profitable,

revenue and cost are recognised over the period of the contract. Where it is probable that total contract costs will

exceed total contract revenue, the expected loss is recognised as an expense immediately.

The company uses the 'percentage of completion method' to determine the appropriate amount to recognise in a

given period. The stage of completion is measured by reference to the contract costs incurred up to the balance

sheet date as a percentage of the total estimated costs for each contract.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

228,304

Additions

37,390

At 31 October 2014

265,694

DEPRECIATION

At 1 November 2013

64,549

Charge for year

37,232

At 31 October 2014

101,781

NET BOOK VALUE

At 31 October 2014

163,913

At 31 October 2013

163,755

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary

£1

100

100